X

Navistar, Cederoth to part ways

Jason Cannon June 24, 2013

NavistarNavistar International, Inc. said Monday it will part ways with Chief Financial Officer (CFO) Andrew ‘A.J.’ Cederoth by month’s end as part of what it termed a “planned transition.”

Cederoth has served as the company’s CFO since September 2009.

Navistar says current senior VP and treasurer James Moran will oversee financial operations and functions on an interim basis, while the company finalizes its search for a new CFO from outside the company.

“I want to thank A.J. for his many contributions during his 23 years at Navistar, particularly the leadership he displayed this past year in helping to create, implement and drive significant progress in our turnaround plan,” says Troy A. Clarke, Navistar’s president and CEO. “I also appreciate the support A.J. provided during this CFO transition process. He has had a distinguished career at Navistar and we wish him well in his future endeavors.”

Cederoth and former Chief Executive Dan Ustian were named in a lawsuit in April, alleging the pair misled investors about the company’s ill-fated EGR efforts.

Poll

Do you actively capture and use customer data?

Latest

What will the truck market look like in 2022?

Panel: Technology changing needs of drivers, technicians

Tech, industry changes driving big changes in equipment trade cycles

Popular

What will the truck market look like in 2022?

Judge won’t dismiss MaxxForce lawsuit

GALLERY: Successful Dealer Award finalist Freightliner of St. Cloud

Successful Dealer Award

Click here to read about the award and see the nominees for this year's award.